首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
Forms of Business Ownership A business may have a small beginning as a sole proprietorship, later expand into a partnership,
Forms of Business Ownership A business may have a small beginning as a sole proprietorship, later expand into a partnership,
admin
2012-01-23
44
问题
Forms of Business Ownership
A business may have a small beginning as a sole proprietorship, later expand into a partnership, and finally become a corporation. Many corporate giants started as sole proprietoriships. Sole Proprietorships
The oldest, most common form of private business ownership is the sole proprietorship. A sole proprietorship is a business owned and managed by one individual. That person may receive help from others in operating the business but is the only boss; the sole proprietor is the company.
Typically the sole proprietor owns a small service or retail operation, such as a roadside produce stand, hardware store, bakery, or restaurant. The sole owner, often sided by one or two employees, operates a small shop that often supplies goods to a group of regular customers. The capital (money) needed to start and operate the business is normally provided by the owner through personal wealth or borrowed money.
The sole proprietor is usually an active manager, working in the ship every day. He or she controls the operations, supervises the employees, and makes the decisions. The managerial ability of the owner usually accounts for the success or failure of the business.
Many people desire to be their own boss. A sole proprietorship accomplishes this goal; it has other advantages as well. Sole proprietorship is the easiest way to start a business. The sole owner has all profits earned or losses by operation. Another advantage of the proprietorship is that the business pays no income tax. It is also easy to close a business. A sole proprietorship also has disadvantages, for example, unlimited liability, difficulty in raising capital, limitations in managerial ability, demands on time, difficulty in hiring and keeping high achievement employees, and etc.
Partnerships
There are three major types of partnerships. A general partnership is a business with at least one general partner who has unlimited liability for the debts of the business. A limited partnership has at least one or more limited partners. The joint venture is a special type of partnership established to carry out a special project or to operate for a specific time period.
The advantages of a partnership include the following: more capital, combined managerial skills, ease of starting, tax advantages. and etc. The disadvantages of a partnership include the following: unlimited liability, disagreements among partners, investment withdrawal difficulty, limited capital and etc.
Corporations
Some industries, such as automobile manufacturing, computer manufacturing, oil refining, and natural gas production, require millions of dollars to operate a business. Typically such vast sums of money are put together by attracting many investors. The unincorporated forms of business--the proprietorship and the partnership do not attract investors who do not want to make decisions or to be actually involved in managing the firm. The corporation, by contrast, provides a form of business ownership in which owners spread over a wide geographical area can hire professional managers to operate the business. It has the legal rights of an individual: it can own property, purchase goods and services, and sue other persons or corporations. The advantages of a corporation include the following: limited liability, skilled management team, transfer of ownership, greater capital base, and etc. the disadvantages of a corporation include the following: difficulty and expenses of starting, lack of control right to the operation, government involvement, lack of personal interest, double taxation, credit limitations.
Which of the following is not true about the sole proprietorship?
选项
A、It has more than one boss.
B、It is usually a small service or retail operation.
C、It is a business owned and managed by one person.
D、It is a company.
答案
A
解析
该题可定为判断题,确定考查内容为“独资形式(the sole proprietorship)”的部分。可以直接从选项入手。首先从描述独资形式的第一段文字可以得出:独资形式为一人所有并管理(A sole proprietorship is a business owned and managed by one individual.),故A项错误。至于其他三个选项,C项与A项相对,判断为正确描述。关于B项,则可以从该部分的第二段话“Typically the sole proprietor owns a small service or retail operation, such as a roadside produce stand, hardware store, bakery, or restaurant. ”中可以判断其为正确描述。D项的描述无疑是正确的。因为不管公司采取哪一种所有权,其本质都是公司。故该题答案为A项。
转载请注明原文地址:https://kaotiyun.com/show/ts7d777K
本试题收录于:
BEC高级阅读题库BEC商务英语分类
0
BEC高级阅读
BEC商务英语
相关试题推荐
Whatdidthemandorecently?
Whathasthecompanyrecentlydone?
Whattypeofbusinessdoesthespeakermostlikelyworkfor?
Whywasthewomanbusyrecently?
WhyisthestoreimplementinganewpolicyinSeptember?
ExchangeRisksYourcompanywilldobusinesswithseveralcompaniesfromseveralcountries.Sinceseveralcurrenciesofm
Marketing:howtoensurethatacompany’smarketingliteratureisattractivetocustomers
StaffTraining:theimportanceofdevelopingappropriateskillsamongtheworkforce
Task10RelocatingtoNewPremisesThecompanyyouworkforisgrowingrapidlyandtheManagingDirectorbelievesthatnewpremi
•YouwillheararadiointerviewwithMarthaFlowers,theManagingDirectoroftheMAXchainofsandwichbars.•Choosethecorre
随机试题
活体内异常物体沿血流运行阻塞相应血管的过程叫
关于项目后评价方法的说法,正确的是()
新发生的出口业务的生产企业,白发生首笔出口业务之日起()个月内的出口业务,不计算当期应退税额,当期免抵税额等于当期免抵退税额。
会计实务中,只有当保护相关各方权益的所有条件均能满足时,才能确认股权转让收益,下列各项中,属于这些条件的有()。
(log325).(log527)=().
简述一个良好班集体的特征。
关于我校周边道路停放汽车的函市十中(函)字(10)第078号8大队:9月10日是我校100周年校庆日,届时将会有大批校友开车来校参加校庆活动,由于我校内不能停放大量汽车。因此,我们要求贵大队准许参加我校校庆活动的校友在学校周边
Asmywifegreetedmeoneevening,hervoicecamethroughthedoor,"Guesswhat?"Ialwaystakeadeep【C1】______onthisvery
Whatisthewomandoing?
FiveCommonMistakesinConversationandTheirSolutionsI.NotlisteningA.Problem:mostpeopledon’tlisten—waiteagerlyf
最新回复
(
0
)